Delinquencies on auto loans are at the highest level in a decade.
Discussing this on tomorrows @CDG_Podcast with Economist Jonathan Smoke. pic.twitter.com/k9yRs1gFqo
— CarDealershipGuy (@GuyDealership) September 14, 2023
The average American household now has $8,000 in credit card debt but less than $5,000 in savings.
The average house payment is now 48% of the median income.
Borrowing more debt is making the problem worse.
Follow us @KobeissiLetter for real time analysis as this develops.
— The Kobeissi Letter (@KobeissiLetter) September 16, 2023
The average apartment in Manhattan rented for $4,400 per month in August, unchanged from the July record.
In Queens, the average apartment rented for a record $3,900/mo and in Brooklyn rents hit $3,850/mo.
Rent prices in New York City are now 7% over the last year and a massive… pic.twitter.com/vIrcTUBeeG
— The Kobeissi Letter (@KobeissiLetter) September 16, 2023
h/t Shinobi0wl
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